GATEWAY TO MAMMOTH LAKES The property is strategically positioned along Main Street/State Route 203, the principal access route connecting U.S. Highway 395 with Mammoth Lakes and Mammoth Mountain. Located near the eastern gateway to town, the property benefits from approximately 14,500 vehicles per day and exposure to residents, employees and visitors traveling throughout the resort community. SIGNIFICANT NEARBY DEVELOPMENT ACTIVITY Mammoth Lakes continues to attract substantial public and private investment. The 149-room Limelight Mammoth opened in December 2025, while additional activity includes the approved 67-unit Woodsite resort-residential community and The Parcel, which allows for up to 450 affordable workforce-housing units. Preliminary plans have also been presented for Mammoth Crossing, a proposed luxury development featuring a 196-room JW Marriott resort and Ritz-Carlton and JW Marriott branded residences. Nearby institutional investment includes the approximately $27 million Mammoth Lakes Civic Center, scheduled to begin public operations in late summer 2026, and Mammoth Hospital’s 68,000+ square-foot North Wing expansion, expected to open in 2028. APPROXIMATELY 2.8 MILLION ANNUAL VISITORS Mammoth Lakes welcomes approximately 2.8 million summer and winter visitors annually. This substantial visitor volume expands the property’s consumer base well beyond the area’s permanent population and supports year-round demand for dining, retail, hospitality and convenience-oriented services. WORLD-CLASS FOUR-SEASON RESORT ECONOMY Anchored by Mammoth Mountain, the market benefits from skiing, snowboarding, mountain biking, hiking, fishing, golf and other outdoor recreation. Mammoth Mountain features an 11,053-foot summit, more than 3,500 acres of skiable terrain and 180 named trails, reinforcing Mammoth Lakes’ position as one of the West Coast’s premier four-season resort destinations. AFFLUENT AND DIVERSE CONSUMER BASE The surrounding three-mile trade area contains approximately 9,594 housing units and reports an average household income of approximately $130,390. The combination of affluent permanent residents, seasonal homeowners, hospitality guests, resort employees and year-round visitors creates multiple sources of consumer demand. DIFFICULT-TO-REPLICATE REPOSITIONING OPPORTUNITY The property combines one of only two permitted drive-thru buildings in Mammoth Lakes with a substantial 1.22-acre parcel, modernized freestanding improvements and prominent exposure along the primary route to Mammoth Mountain. These attributes position the property to attract restaurant, coffee, retail, medical, financial-service and other commercial users seeking a strategic presence in a highly constrained resort market.